FRANK BROWN, ESQUIRE, GOVERNOR.

661

SEC. 2. Be it further enacted, That said railway company

shall have the right to extend its road into Baltimore County ;

Right to

and to use any streets or public roads of said county, sub-

extend
its road

ject to the permission of the county commissioners thereof,

and such restriction and conditions as may be imposed by

said commissioners.

SEC. 3. Be it further enacted, That said company be and

it is hereby authorized to increase its capital stock to such

amount, not exceeding in all, twenty thousand shares of the

To increase

par value of fifty dollars per share, as shall in the opinion

its capital
stock.

of the directors of said company be deemed advisable for

the needs, purposes and requirements of said corporation ;

provided, that before any such additional stock shall be

issued, such increase shall be authorized by the holders of

three-fourths of all of the capital stock of said company.

SEC. 4. Be it further enacted, That said company shall be

authorized to issue its capital stock, and any increased

Issue of

capital stock which it may be entitled to have, in payment

stock in
payment

upon contracts for the construction and equipment of its

of con-

railroad, or in payment for work done, or materials

tracts

furnished therefor upon such terms as may be agreed upon

between the company and such contractors or persons doing

such work or furnishing materials ; and shall be empowered

to borrow from time to time such sums of money as may be

necessary to construct, improve, equip and operate its

railroad ; to issue bonds therefor to such amount, and to

dispose of the same on such terms as its directors may

determine ; and to mortgage its property, revenues and

franchises, or any part thereof, to secure the payment of

any debt contracted for the purposes aforesaid.

SEC. 5. And be it further, enacted, That said company

Power.

shall have the power to buy, lease and sell the stock,

bonds, franchises, property and evidences of debt of other

street and suburban railroad companies, and to consolidate

with the same.

SEC. 6. Be it further enacted, That any street or suburban

railway company incorporated or which may hereafter be in-

May buy,

corporated under the General Laws of the State of Maryland,

sell, lease,

or by special act of the General Assembly thereof, may by

a vote of the majority of the shares of its capital stock at

any annual or special meeting of which due notice has

been given according to its charter and by-laws, sell or

lease its stock, property and franchises to the said Central

Railway company, and the said Central Railway Company

shall have the right, with a like assent of its stockholders,